returning house to bank?
Posted: 20 Dec 2018 00:33
Hi. I am looking for some urgent advice if possible.
Back in January 2007, myself and my partner at the time decided to buy an off plan property in Cyprus. My partner would be paying for it, but the developer Paphilia said that if my name was added too, then it would be cheaper for tax purposes. A Swiss Franc mortgage was arranged which was going to be paid to the developer in instalments.
However, a couple of months later, my partner and I ended our relationship. The solicitor who was dealing with the property sale was informed that everything was to be in my partners name only and I also signed a document to this effect.
Fast forward 9 years and I get a message from my ex (who I haven't had anything to do with in all this time), saying that The Bank of Cyprus are taking us to court for the total of however much the mortgage would have been, plus interest. I replied to him that I had nothing to do with this anymore. He said he would sort it out.
Nothing heard again from anyone until a couple of weeks ago when he got in touch again to say that my name was never removed from anything and that his Cypriot solicitor needed documents from me.
From what I have been able to find out it seems that the solicitor wants me and my ex to both give him power of attorney so he can sign the house back over to the bank as a full settlement of the so called debt. (I don't even know if it was ever built, who got the keys if it was, or even if the developer got the money from the bank.)
Seeing as I know absolutely nothing about this , does this sound legitimate? I don't want to have to pay out to get his power of attorney notarised and made apostille (which is what is being asked of me), just to find out I am allowing him to do anything he wants.
He says that if I don't send him this, then a judgement will be made against myself and my ex. What is this likely to be?
Personally i just want to ignore everything in the hope it will go away. I never had any money from the bank (I presume that was paphillia), I never took possession of any house. So what can the bank hope to get from me?
Thanks in advance
Tina
Back in January 2007, myself and my partner at the time decided to buy an off plan property in Cyprus. My partner would be paying for it, but the developer Paphilia said that if my name was added too, then it would be cheaper for tax purposes. A Swiss Franc mortgage was arranged which was going to be paid to the developer in instalments.
However, a couple of months later, my partner and I ended our relationship. The solicitor who was dealing with the property sale was informed that everything was to be in my partners name only and I also signed a document to this effect.
Fast forward 9 years and I get a message from my ex (who I haven't had anything to do with in all this time), saying that The Bank of Cyprus are taking us to court for the total of however much the mortgage would have been, plus interest. I replied to him that I had nothing to do with this anymore. He said he would sort it out.
Nothing heard again from anyone until a couple of weeks ago when he got in touch again to say that my name was never removed from anything and that his Cypriot solicitor needed documents from me.
From what I have been able to find out it seems that the solicitor wants me and my ex to both give him power of attorney so he can sign the house back over to the bank as a full settlement of the so called debt. (I don't even know if it was ever built, who got the keys if it was, or even if the developer got the money from the bank.)
Seeing as I know absolutely nothing about this , does this sound legitimate? I don't want to have to pay out to get his power of attorney notarised and made apostille (which is what is being asked of me), just to find out I am allowing him to do anything he wants.
He says that if I don't send him this, then a judgement will be made against myself and my ex. What is this likely to be?
Personally i just want to ignore everything in the hope it will go away. I never had any money from the bank (I presume that was paphillia), I never took possession of any house. So what can the bank hope to get from me?
Thanks in advance
Tina